Private health insurance pays for what percentage of health care expenditures?
A. 0
B. 5
C. 40
D. 35
D. 35
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The difference between GNP and GDP is
A) GNP includes income received from abroad and excludes income paid abroad. B) GNP excludes income received from abroad and includes income paid abroad. C) GNP includes exports and imports. D) GNP excludes exports and imports. E) GNP includes capital flows received from abroad and excludes capital flows to foreign countries.
Permanent resource price differentials are caused by
a. differences in resource quality b. differences in the time and training required to perform the job c. differences in nonmonetary aspects of the job d. a lack of resource mobility e. all of the above
Which concept compares the share of total wealth in society that is received by different groups?
a. Income inequality b. Poverty line c. Poverty rate d. Financial distribution
According to the Phillips curve, unemployment will return to the natural rate when:
a) Nominal wages are equal to expected wages b) Real wages are back at long-run equilibrium level c) Nominal wages are growing faster than inflation d) Inflation is higher than the growth of nominal wages